YOU CAN TRUST
Charity Number: 1206556 Trustees' Annual Report and Financial Statements For the Year Ended 5 November 2025
Contents
Reference and Administrative Information ................................................................................................... 3 Structure, Governance and Management ....................................................................................................... 3 Trustees ........................................................................................................................................................................ 3 Objectives and Public Benefit .............................................................................................................................. 3 Activities, Achievements and Performance ................................................................................................... 4 Financial Review ....................................................................................................................................................... 4 Reserves Policy .......................................................................................................................................................... 5 Risk Management ..................................................................................................................................................... 5 Plans for Future Periods ........................................................................................................................................ 5 Statement of Trustees' Responsibilities .......................................................................................................... 5 Statement of Receipts and Payments ............................................................................................................... 5 Statement of Assets and Liabilities ................................................................................................................... 6 Notes to the Financial Statements ..................................................................................................................... 6 Approval and Signatures ....................................................................................................................................... 7
Reference and Administrative Information
Charity Name: YOU CAN TRUST Charity Number: 1206556
Legal Form: Charitable Incorporated Organisation (CIO) – Foundation Model Principal Office:
606 Cassia Point 2 Glasshouse Gardens London E20 1HU
Area of Benefit: United Kingdom and Turkey
Bankers: Lloyds Bank
Independent Examination / Audit: Not applicable. Gross income remained below the statutory threshold requiring independent examination.
Structure, Governance and Management
YOU CAN TRUST is a Charitable Incorporated Organisation (Foundation Model) registered with the Charity Commission for England and Wales on 16 January 2024. The Constitution was amended on 16 April 2024.
The trustees are responsible for the governance, management and administration of the charity and for ensuring that its resources are applied exclusively in furtherance of its charitable purposes.
Trustees
Erdogan Kaya – Chair (appointed 16 January 2024) Murat Gabin – Trustee (appointed 16 January 2024)
Objectives and Public Benefit
The charity's object is, for the public benefit, to prevent or relieve poverty or financial hardship in the United Kingdom and Turkey by providing grants, items and services to individuals in need and/or to charities and other organisations working to prevent or relieve poverty or financial hardship.
The trustees have had due regard to the Charity Commission's guidance on public benefit.
Activities, Achievements and Performance
During the year ended 5 November 2025, the charity continued to maintain and strengthen its governance, compliance and administrative framework established during its first accounting period.
The trustees reviewed and maintained the charity's key governance policies and procedures, including financial controls, safeguarding, conflicts of interest, risk management and reserves management.
No donations, grants or other income were received during the reporting period. No fundraising activities were undertaken and no grants, charitable distributions or programme expenditure were made during the year.
The trustees continued to develop the charity's operational structure and preparedness to support future charitable activities consistent with the charity's objects and public benefit obligations.
Financial Review
The charity reported no incoming resources during the financial year.
Administrative expenditure totalled £460.56 and related solely to accounting software subscription costs incurred in maintaining the charity's accounting records and reporting systems.
Opening unrestricted funds amounted to £1,869.60 and closing unrestricted funds amounted to £1,409.04 at 5 November 2025.
The net movement in funds for the year was a deficit of £460.56.
The trustees consider the charity to be a going concern for at least twelve months from the date of approval of these financial statements based on available reserves and limited ongoing expenditure commitments.
External scrutiny was not required as the charity's gross income remained below the statutory threshold requiring independent examination.
Reserves Policy
As a small CIO with limited fixed costs, the trustees aim to maintain unrestricted reserves equivalent to at least three months of core running costs or £1,000, whichever is higher.
At 5 November 2025 unrestricted reserves amounted to £1,409.04 and were considered adequate for the current stage of the charity's development.
The trustees review the reserves policy annually.
Risk Management
The trustees periodically review the principal risks facing the charity.
The principal risks identified include financial sustainability, governance capacity, safeguarding responsibilities and data protection compliance.
These risks are mitigated through trustee oversight, established policies and procedures, appropriate financial controls and regular monitoring.
The trustees will continue to review the charity's risk register at least annually.
Plans for Future Periods
The trustees intend to continue developing the charity's activities and seek opportunities to further its charitable purposes within the United Kingdom and Turkey.
Statement of Trustees' Responsibilities
The trustees are responsible for preparing the annual report and financial statements, maintaining adequate accounting records, safeguarding the assets of the charity and taking reasonable steps to prevent and detect fraud and other irregularities.
Statement of Receipts and Payments
| Description | £ |
|---|---|
| Total Receipts | 0.00 |
| Administrative software subscriptions | 460.56 |
| Net Deficit for the Year | (460.56) |
Statement of Assets and Liabilities
Description £ Cash at bank 1,409.04 Liabilities Nil Net Assets 1,409.04
Notes to the Financial Statements
1. Basis of Preparation
These accounts have been prepared on the receipts and payments basis.
2. Nature of Funds
All funds held at the year end were unrestricted funds.
3. Trustees and Related Parties
No trustee received remuneration, benefits or reimbursement of expenses during the year. There were no related party transactions.
4. Staff and Volunteers
The charity had no employees during the year. Activities were undertaken by trustees and volunteers.
5. Grants Made and Programme Expenditure
No grants were awarded and no programme expenditure was incurred during the year.
6. Bank Accounts
The charity operated a single UK bank account. Cash at bank at 5 November 2025 was £1,409.04.
7. CIO-specific Disclosures
The charity had no outstanding guarantees and no debts owed by the CIO acting as a corporate trustee.
8. Post Balance Sheet Events
No adjusting or non-adjusting events have been identified between the reporting date and the date of approval of these financial statements.
Approval and Signatures
Approved by the trustees on: 27/05/2026
Signed on behalf of the trustees:
____ Murat Gabin Trustee ____ Erdogan Kaya Chair Trustee
Balance Sheet
You Can Trust
As at 5 November 2025 Accrual Basis
| Balance Sheet You Can Trust As at 5 November 2025 Accrual Basis |
Balance Sheet You Can Trust As at 5 November 2025 Accrual Basis |
|---|---|
| 5 NOV 2025 5 NOV 2024 |
|
| Current Assets | |
| Cash at bank and in hand | |
| YOU CAN TRUST 1,409.04 1,869.60 |
|
| Total Cash at bank and in hand 1,409.04 1,869.60 |
|
| Total Current Assets 1,409.04 1,869.60 |
|
| Net Current Assets (Liabilities) 1,409.04 1,869.60 |
|
| Total Assets less Current Liabilities 1,409.04 1,869.60 |
|
| Net Assets 1,409.04 1,869.60 Capital and Reserves |
|
| 960 - Retained Earnings 1,869.60 - |
|
| Current Year Earnings (460.56) 1,869.60 |
|
| Total Capital and Reserves 1,409.04 1,869.60 |
27 May 2026 Page 1 of 1
Balance Sheet You Can Trust
Profit and Loss
You Can Trust
For the year ended 5 November 2025 Accrual Basis
| Profit and Loss You Can Trust For the year ended 5 November 2025 Accrual Basis |
||
|---|---|---|
| 2025 | 2024 | |
| Turnover | ||
| 200 - Sales | - | 2,000.00 |
| Total Turnover | - | 2,000.00 |
| Gross Profit | - | 2,000.00 |
| Administrative Costs | ||
| 485 - Subscriptions | 460.56 | 130.40 |
| Total Administrative Costs | 460.56 | 130.40 |
| Operating Profit | (460.56) | 1,869.60 |
| Profit on Ordinary Activities Before Taxation | (460.56) | 1,869.60 |
| Profit after Taxation | (460.56) | 1,869.60 |
Profit and Loss You Can Trust
27 May 2026 Page 1 of 1
Trial Balance
You Can Trust As at 5 November 2025 Accrual Basis
| Accrual Basis | |||||
|---|---|---|---|---|---|
| ACCOUNT CODE | ACCOUNT | ACCOUNT TYPE | DEBIT - YEAR TO DATE |
CREDIT - YEAR TO DATE |
|
| Asset | |||||
| YOU CAN TRUST | Bank | 1,409.04 | |||
| Total Asset | 1,409.04 | - | |||
| Equity | |||||
| 960 | Retained Earnings | Equity | 1,869.60 | ||
| Total Equity | - | 1,869.60 | |||
| Expense | |||||
| 485 | Subscriptions | Overhead | 460.56 | ||
| Total Expense | 460.56 | - | |||
| Total | 1,869.60 | 1,869.60 |
27 May 2026 Page 1 of 1
Trial Balance You Can Trust